The Europe Stacker Crane Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
With a solid product lineup, prominent market participants are hoping to maintain their leadership position. Moreover, stacker cranes are employed in a range of industries, including production, transportation, packing, storage, and a variety of other industrial activities, particularly in the food, textile, pulp and paper, healthcare, energy, automotive, and molding industries.
Some of the key trends of the industry are the booming construction industry and the growing rate of urbanization. In addition, technological and automation advancements will aid in the design and manufacture of efficient stacker cranes. In terms of load capacity, dimensions, building height, and cycle durations, the stacker cranes for pallets range easily adapt to the needs of each warehouse and hence can handle a wide range of applications. With the development of IoT devices, the adaptability of the stacker crane system has increased, making it an imperative requirement in warehouses where things are conveyed on a daily basis
In November 2019, the Polish government announced a plan to expand the port of Gdansk, which is Europe's fastest-growing port, with the goal of increasing cargo. With massive investment, the project will comprise the construction of 19 kilometers of new quays, 8.5 kilometers of breakwaters, nine terminals, four turning areas, and three approach fairways.
Several reach stacker manufacturers in the region are utilizing new technology to produce eco-friendly variations that can lift and transport even the heaviest containers without sacrificing ease of use. For example, as part of the H2Ports project and the European Horizon 2020 initiative, Hyster Europe has announced that it is developing a zero-emission reach stacker with a hydrogen fuel cell for the Port of Valencia. In addition, a number of market competitors are experimenting with different permutations and combinations in order to lower overall equipment prices. Thus, these factors are estimated to boost the growth of the regional Stacker Crane Market during the forecast period.
The Germany market dominated the Europe Stacker Crane Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $84.3 million by 2027. The UK market is anticipated to grow at a CAGR of 5.5% during (2021 - 2027). Additionally, The France market would experience a CAGR of 7.2% during (2021 - 2027).
Based on Type, the market is segmented into Single Column and Double Column. Based on Operation, the market is segmented into Semi-Automatic and Automatic. Based on Industry, the market is segmented into Consumer Goods, E-commerce/Retail & Wholesale, Pharmaceutical, Automotive and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Stacker Crane Market Size will Hit $1.3 Billion by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toyota Industries Corporation, SSI Schaefer Group, Daifuku Co., Limited, Kion Group, Knapp AG, Kuka AG, Hyster-Yale Materials Handling, Inc., Jungheinrich AG, Mitsubishi Logisnext Co., Ltd., and Murata Machinery Ltd.
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